Vardhman Polytex gets nod for debt restructuring

01 Jan 2013 Evaluate

Vardhman Polytex has received an approval for the proposal of the company regarding the restructuring of debt which has been approved by the CDR Empowered Group of Corporate Debt Restructuring Cell and communicated vide its letter of approval (LOA) dated December 28, 2012.

Pursuant to terms and conditions of the LOA and CDR package need to be implemented within 120 days from the LOA and the master restructuring agreement to be executed between the company and the lenders. The cut off date of CDR package is December 31, 2011.

Vardhman Polytex is engaged in the manufacture of yarn. It is also engaged in cotton spinning and line manufacturing, staple fiber yarn machine combing and re-combing of all types of fibers. It produces various categories of yarns like cotton, polyester cotton blended, synthetic, acrylic and dyed yarns.

Vardhman Polytex Share Price

13.44 -0.22 (-1.61%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
PDS 585.80
Welspun Living 163.10
Vardhman Textiles 524.95
Arvind 413.55
K.P.R. Mill 1148.90
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